Local Crowdfunding investment in SME

[marandaz]

FINANCIALS: Spore's nascent P2P lending sector may see 1st loan default soon amid weak economic conditions, with at least 1 platform reporting a recent rise in "payment issues". Capital Match highlights it may see its 1st default out of total ~50 loans; loan was extended to a construction co, and interest payment has been overdue for few mths. The largely unregulated P2P loan mktplace has generated ~sgd15m in loans over a fairly short time; loans run from ~sgd10-200k in size, and for 3-12 mths typically. For perspective, size of business lending in Spore stands at sgd357bn.

Not entirely unrelated to the thread title of P2B model...